Saturday, Jul 11, 2020 | Last Update : 02:08 PM IST

109th Day Of Lockdown

Maharashtra2384611326259893 Tamil Nadu130261846941829 Delhi109140846943300 Gujarat40155281832023 Uttar Pradesh3370021787845 Karnataka3341811878471 Telangana3222410123339 West Bengal2710917348880 Andhra Pradesh2542213914292 Rajasthan2317417620497 Haryana1993414904290 Madhya Pradesh1665712481638 Assam15537984935 Bihar1433010251111 Odisha11956797273 Jammu and Kashmir92615567149 Punjab71404945183 Kerala6535370828 Chhatisgarh3526283514 Uttarakhand3305267246 Jharkhand3192217022 Goa203912078 Tripura177313241 Manipur14357930 Puducherry120061916 Himachal Pradesh110182510 Nagaland6733030 Chandigarh5234037 Arunachal Pradesh2871092 Mizoram2031430 Sikkim134710 Meghalaya113451
  Business   Companies  17 Jul 2019  Group of Ministers discusses revival of BSNL, MTNL

Group of Ministers discusses revival of BSNL, MTNL

PTI
Published : Jul 17, 2019, 9:16 am IST
Updated : Jul 17, 2019, 9:16 am IST

This is the second time a GoM has been constituted for revival of the two ailing public sector firms.

BSNL and MTNL have also approached the government for granting voluntary retirement scheme package to their employees.
 BSNL and MTNL have also approached the government for granting voluntary retirement scheme package to their employees.

New Delhi: Group of Ministers led by Home Minister Amit Shah on Tuesday discussed revival of loss making telecom firms BSNL and MTNL.

"The first meeting of GoM on revival of BSNL and MTNL was held on Tuesday evening," an official source told PTI without sharing any additional details.

Finance Minister Nirmala Sitharaman, Law and Telecom Minister Ravi Shankar Prasad along with telecom seretary Aruna Sundararajan, additional secretary Anshu Prakash and BSNL chairman and managing director P K Purwar are learnt to have attended the meeting.

This is the second time a GoM has been constituted for revival of the two ailing public sector firms.

The previous GoM was constituted under UPA 2 regime to address various pain points like refund of spectrum fee, pension proposal for 43,000 MTNL employees etc of the BSNL and MTNL.

The loss making PSU telecom firms have approached the Department of Telecom for immediate help as they are facing financial stress, which has aggravated due to the tariff war triggered by the entry of Reliance Jio.

Further, high employee cost add to the woes of both the firms.

The employee cost of BSNL is 75.06 per cent and that of MTNL is 87.15 per cent of their total income, while the same for private telecom companies varies between 2.9 to 5 per cent.

BSNL and MTNL have also approached the government for granting voluntary retirement scheme package to their employees.

Tags: bsnl, mtnl, group of ministers, nirmala sitharaman, ravi shankar prasad
Location: India, Delhi, New Delhi